Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

We asked traders for their opinion on the launch of bitcoin futures

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

Energy demand steps back in play
Advertisement
more Volatility>>

Volatility

Volatility & opportunity in the energy sector
more Financials>>

Financials

Daily Price Action: E-mini S&P 500
more Options>>

Options

Trading Vertical Option Spreads

Advertisement

Treasuries decline before Fed decision as Cyprus options weighed

By Susanne Walker and Neal Armstrong, Bloomberg

March 20, 2013 • Reprints

Fed Outlook

The Fed will halt its unprecedented easing in the first half of next year after expanding central bank assets to a record of about $4 trillion, according to median estimates by 46 economists surveyed March 13-18 before the two-day meeting of policy makers ends today. Unemployment will have fallen to 7.3% from its current 7.7% when the Fed starts to pull back on its buying, the economists said.

The Federal Open Market Committee plans to release a statement at 2 p.m. today in Washington and Bernanke is scheduled to hold a press conference at 2:30 p.m.

Ten-year yields dropped one basis point to 1.99% following the previous Fed announcement on Jan. 30, when policy makers pledged to keep purchasing securities at the rate of $85 billion a month.

Bernanke will ultimately buy a total of $600 billion in mortgage bonds and $545 billion in Treasuries in the round of bond buying that began in September, according to the median of responses in the March 13-18 survey.

U.S. reports tomorrow will show purchases of existing homes rose to a 5 million annual rate, the most since November 2009, according to a Bloomberg News survey of economists. Figures from the Commerce Department yesterday showed permits for future home construction climbed to the highest since June 2008.

Faster Growth

Laurence D. Fink, chief executive officer of BlackRock Inc., the world’s largest asset manager, said he sees faster growth in the world’s largest economy.

“If anything, we have migrated our view to a little higher” than the 2.5 percent-plus growth estimate, Fink said in a Bloomberg Television interview in Hong Kong. “If it wasn’t for Washington and the uncertainty that Washington has created, we’ll probably be navigating closer to 4%.”

Treasuries advanced yesterday after Cypriot lawmakers rejected an unprecedented levy on bank deposits, threatening to derail a rescue of the nation.

Luxembourg Finance Minister Luc Frieden called for the 17 euro-area finance ministers to reconvene “as soon as possible” to formulate a new package for the country. The ECB, whose Governing Council meets today in Frankfurt, will have to decide whether to give Cyprus more time or consider cutting off liquidity to the country’s banks. German Chancellor Angela Merkel, saying she “regrets” the Cypriot parliament’s decision, signaled a willingness to engage with Cyprus as long as its banks contribute to a bailout.

Moscow Talks

Cypriot Finance Minister Michael Sarris met in Moscow with his Russian counterpart and told reporters he’ll continue the talks “as long as it takes” as the island nation seeks to overcome the deadlock.

Russia, which granted Cyprus a 2.5 billion-euro ($3.2 billion) loan in December 2011, had been in talks on easing the terms before being left out of a European Union-led bailout that would see the levy imposed on depositors. President Vladimir Putin called the deal “unfair” and “dangerous” before the Mediterranean nation voted down the proposal yesterday.

Bloomberg News

<<< previous
Page 2 of 2

About the Author

Copyright 2014 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Related Articles
Daily Price Action: E-mini S&P 500
Daily Price Action: E-mini S&P 500
GBP/USD drops as weak CPI reduces BoE May rate rise odds
Daily Price Action: E-mini S&P 500
Daily Price Action: E-mini S&P 500
Previous
Coffee falls on speculation of big offseason crop in Brazil
Next
WTI oil rises on unexpected drop in U.S. supply, Cyprus bailout
Related Terms
US Federal Reserve 8527bank 6455fed 3336European Central Bank 3208financials 2975European Union 2864Interest Rates 2108Standard & Poor 2008Federal Reserve 1207bonds 1125U.S. government 1118Department of Commerce 838Federal Open Market Committee 773Ben S. Bernanke 751Ben S 613eurozone 416Bank of America Merrill Lynch 384Vladimir Putin 362Bloomberg Television 360Angela Merkel 333Notes 287Treasuries 179Sovereign debt crisis 165BlackRock Inc. 131bank deposits 125Cyprus 106Governing Council 74Cantor Fitzgerald LP 41Jason Rogan 25Guggenheim Partners LLC 20Laurence D. Fink 20bank assets 19Justin Lederer 19Luc Frieden 11Cypriot parliament 10Michael Sarris 10euro-area finance 3

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images